An insurance instrument that protects against losses caused by employees due to dishonesty, forgery or unauthorized trading. It is blanket...

A structured product (structured certificate) that is similar to a bonus certificate, but with an additional feature: a partial-time-end barrier...

A floating rate note (FRN) which in which interest (coupon) accrues only on days when the reference rate (floating rate)...

It stands for initial public offering, which refers to the issuance by a privately-held company of stock to public investors...

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...

The default sensitivity of a tranche (to the default of a single name/ credit). It is a measure of the...

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...

A temporary, short-term loan that is required to complete the purchase of a new property. This loan is usually made...

It stands for structured interest only; an interest-only bond (tranche) that receives the excess interest (difference between the coupon rate...

An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...